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175 SW 7th Street, Suite 2205 Miami, FL 33130

CREW Miami Luncheon | June 27, 2018

BGI Capital

CREW Miami will be presenting: FILLING THE GAP.

Tackling the Need for Affordable Housing

With Miami’s population growing at a steady pace and an increasing number of luxury residential projects opening, there is a growing concern to find affordable housing. This housing crisis particularly impacts the Millennial population, aging seniors and the working class across Miami-Dade. CREW-Miami’s June luncheon will feature an expert panel that will address how communities are tackling this issue and how major developers are addressing the need for more affordable housing options.

Biltmore Parc Developer Scores Condo Inventory Loan For Unsold Units
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Biltmore Parc developer scores condo inventory loan for unsold units

Coral Gables developer Alirio Torrealba closed on a condo inventory loan for unsold units at Biltmore Parc. Torrealba’s MG Developer secured a $7.75 million loan from BGI Capital, according to a press release. The financing comes as MG Developer hired One Sotheby’s International Realty to take over remaining sales of its Coral Gables developments, including 11 condos at Biltmore Parc. Fortune International Realty previously handled sales for MG Developer.
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